Question

What is the final amount if 1885 is increased by 5% followed by a further 18% increase

Answer 1

9514 1404 393

Answer:

2335.515

Explanation:

The first increase multiplies the original amount by 1 + 5% = 1.05.

The second increase multiplies the already increased amount by 1 + 18% = 1.18.

Then the final amount is ...

1885(1.05)(1.18) = 2335.515